In what some on Wall Street are calling the biggest blockbuster deal in the history of the financial sector, Goldman Sachs confirmed today that it was in talks to acquire the U.S. Department of the Treasury.

According to Goldman spokesperson Jonathan Hestron, the merger between Goldman and the Treasury Department is “a good fit” because “they’re in the business of printing money and so are we.”

The Goldman spokesman said that the merger would create efficiencies for both entities: “We already have so many employees and so much money flowing back and forth, this would just streamline things.”

Mr. Hestron said the only challenge facing Goldman in completing the merger “is trying to figure out which parts of the Treasury Dept. we don’t already own.”

Goldman recently celebrated record earnings by roasting a suckling pig over a bonfire of hundred-dollar bills.

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

Big mistake. A classic case of over expansion. Overhead will just explode. Try as they might, they just won’t be able to spin anything off. This will just kill their bottom line. They should just put the ego aside and let Tim and B.O. think they still run things. Sure they will have to eat a little shit now and then, but if it gets too rough they can hire a flunky to stand out in front and do it.

I just learned this week that images were received in Australia then beamed to the USA via earth orbitting satellite for our tv watching audience .. its too bad the originals were ___ .. lost in a tape over stretch to answer ringing phone Nixon moment :-)

Bad move!! Since GS has already acquired the Treasury figuratively all they do by owning it literally is acquire a lot of toxic assets. Although Timmy, is probably licking his lips in anticipation of a pay raise and bonuses.

You comedians, should work some content in about how the last two presidential administrations are out to lunch, pretending to be focused on foreign policy or something of less importance, while good economic policy is being run through Goldman’s Sach’ corporate-twin-turbo-diesel-powered-combine-sized-high-speed-industrial-strength shredder, which they secretly purchased along with high-speed trade bot.

Really, Wes, No Offence intended, though, if we can’t get the building blocks squared away, any, subsequent, angle will not be Right..

see: Section 8 – Powers of Congress
The Congress shall have the power

1. To lay and collect taxes, duties, imposts and excises, to pay the debts and provide for the common defence and general welfare of the United States; but all duties, imposts and excises shall be uniform throughout the United States:

2. To borrow money on the credit of the United States:

3. To regulate commerce with foreign nations, and among the several states,and with the Indian tribes:

4. To establish an uniform rule of naturalization, and uniform laws on the subject of bankruptcies throughout the United States:

5. To coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures:

6. To provide for the punishment of counterfeiting the securities and current coin of the United States:

7. To establish post-offices and post-roads:

8. To promote the progress of science and useful arts, by securing for limited times to authors and inventors the exclusive right to their respective writings and discoveries:

9. To constitute tribunals inferior to the supreme court:

10. To define and punish piracies and felonies committed on the high seas, and offences against the law of nations:

11. To declare war, grant letters of marque and reprisal, and make rules concerning captures on land and water:

12. To raise and support armies, but no appropriation of money to that use shall be for a longer term than two years:

13. To provide and maintain a navy:

14. To make rules for the government and regulation of the land and naval forces:

15. To provide for calling forth the militia to execute the laws of the union, suppress insurrections and repel invasions:

16. To provide for organizing, arming and disciplining the militia, and for governing such part of them as may be employed in the service of the United States, reserving to the states respectively, the appointment of the officers, and the authority of training the militia according to the discipline prescribed by Congress:

17. To exercise exclusive legislation in all cases whatsoever, over such district (not exceeding ten miles square) as may, by cession of particular states, and the acceptance of Congress, become the seat of the government of the United States, and to exercise like authority over all places purchased by the consent of the legislature of the state in which the same shall be, for the erection of forts, magazines, arsenals, dock-yards, and other needful buildings: And,

18. To make all laws which shall be necessary and proper for carrying into execution the foregoing powers, and all other powers vested by this constitution in the government of the United States, or in any department or officer thereof.http://avalon.law.yale.edu/18th_century/art1.asp#1sec8

I had read about this, and the GARP….Goldman Assets Rehabilitation Plan…apparently Goldman will purchase the toxic assets of the Treasury until they own just over 51% of everything…then they will help rehabilitate us until we are ready to pay back the money…

There is a book out, this is not new, you can get it from Amazon. Written years ago by Goldman for just such a time as this.

Not gettting enough press was the story about the Treasury Department trying to hire a “humor expert” cartoonist to discuss the power of the use of humor in the workplace. UNBELIEVABLE what we as American public put up with. There are few senators and representatives who actually get it anymore. Luckily one of them squashed this nonsense (see #5) http://contraryriches.blogspot.com/2009/07/5-things-that-piss-me-off-show-why-were.html

to your point, and to see, how Few of ”There are few senators and representatives who actually get it..”
there, really, are, switch on C-Span and catch those Clowns ‘marking-up’ the ‘Health-Care’ Bill..

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About Barry Ritholtz

Ritholtz has been observing capital markets with a critical eye for 20 years. With a background in math & sciences and a law school degree, he is not your typical Wall St. persona. He left Law for Finance, working as a trader, researcher and strategist before graduating to asset managementRead More...

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